Are you familiar with the time value of money? Or the risk free...

Are you familiar with the time value of money? Or the risk free rate?

There is no way I would invest $2.95 now for a return of $3 in... when exactly? 4-6 months? You can literally get a 5% return in a bank account, or a 6+% return if you have a mortgage or an offset account.

This is the reason the share price is hovering around $2.85. It's already pricing this in.

If nothing else changes, all that will happen over the next 4-6 months is that the price will very slowly creep up to $3 once there is more certainty as to when the date will be executed. The current share price will purely be $3 discounted by the risk free rate, subject to minor arbitrage variations.